SWKS - Skyworks Solutions, Inc (was AHAA) Message Board

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Technology Stocks : SWKS - Skyworks Solutions, Inc (was AHAA)

SWKS 102.32

+2.0%

3:59 PM EST

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From: mlc178	10/10/2019 12:44:22 PM
	of 1698

Qorvo, Skyworks jump as Cowen upgrades on 2020 iPhone ramp Oct. 10, 2019 10:29 AM ET\|About: Qorvo, Inc. (QRVO)\|By: Jason Aycock, SA News Editor • Cowen has upgraded key Apple suppliers Qorvo ( QRVO +4.2%) and Skyworks ( SWKS +5%) to Outperform on potential strength from a 5G iPhone. • Sentiment is low for this year's iPhone crop, analyst Karl Ackerman writes, ahead of anticipated 5G-enabled phones in the second half of 2020, which should provide a "strong C2020 ramp in handset revenues." • He's raised his price target on Skyworks to $95 from $80, implying 12% upside, and raised the Qorvo target to $90 from $75, implying 18% upside. • Qorvo derives 32% of revenue from Apple, Bloomberg notes, while Skyworks derives 30% of revenue from key Apple supplier Foxconn.

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